As the cryptocurrency market is relatively new, there is a possibility for cryptocurrency startups to tap into specialized niche markets in which there is also a high demand. The sort of niche is the financial market. While cryptocurrencies have already begun to replace a few aspects of the original banking system, many people still work with fiat cash https://technoprobiz.com/why-customers-needs-should-always-come-first/ to transact and exchange. A crypto new venture can take advantage of this lack of regulation to enter the market with lower barriers to front door and larger growth prices.

The Dydx cryptocurrency exchange is an individual case in point. It permits traders to obtain and sell cryptocurrency in an international market. It includes already highly processed more trades than Coinbase, the most popular cryptocurrency exchange in the U. S. As of the finish of 2017, Dydx had processed a lot more than $18 billion dollars in deals. The cryptocurrency exchange is on the right track to pull in $75 million in revenue this year and is on track to hit $125 mil by the end on the year, in accordance to it is executives. Furthermore to generating revenue, Dydx is certainly projected to produce $81 million in net profit just for 2019.

Whilst Coinbase has been the leading cryptocurrency exchange on the globe, there is still a great deal of space for new traders. While Coinbase processes $15 billion in transactions daily, rival exchange Binance processes $90 billion in transactions daily. Moreover to Coinbase, other startup companies are looking at the future of crypto.